Filing Flows › Comparisons › REAL vs LIVE
TheRealReal vs Live Ventures: REAL and LIVE compared
TheRealReal is the larger company: $206M of revenue in its latest quarter (Q3 2026) against $109M for Live Ventures (Q3 FY26). TheRealReal is growing faster (+19% against -3% a year earlier). Live Ventures is more profitable, with an operating margin of 4.9% against 0.7%.
Where the money goes: REAL and LIVE
TheRealReal (REAL) · Q3 2026
TheRealReal, Q3 2026: revenue $206M (+19% year over year), operating margin 0.7%, net earnings $16.0M, operating cash flow $25.0M. The chart follows the revenue to costs, profit and cash.
Live Ventures (LIVE) · Q3 FY26
Live Ventures, Q3 FY26: revenue $109M (-3% year over year), operating margin 4.9%, net loss $1.1M, operating cash flow $7.6M. The chart follows the revenue to costs, profit and cash.
| TheRealReal (REAL) | Live Ventures (LIVE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $206M | $109M |
| Revenue growth, Y/Y | +19% | -3% |
| Gross margin | 74.9% | — |
| Operating margin | 0.7% | 4.9% |
| Net earnings | $16.0M | −$1.1M |
| Net margin | 7.8% | -1.0% |
| Operating cash flow | $25.0M | $7.6M |
| Free cash flow | $15.3M | $5.3M |
| Market value | $1.4B | — |
| Analysts’ mean target | $17.75 | — |
Where the revenue comes from
TheRealReal
- Consignment revenue: $159M (77%)
- Direct revenue: $27.4M (13%)
- Shipping services revenue: $19.6M (10%)
Questions
Which is bigger, TheRealReal or Live Ventures?
TheRealReal is the larger company: $206M of revenue in its latest quarter (Q3 2026) against $109M for Live Ventures (Q3 FY26).
Is TheRealReal or Live Ventures growing faster?
TheRealReal is growing faster (+19% against -3% a year earlier).
Which is more profitable, TheRealReal or Live Ventures?
Live Ventures is more profitable, with an operating margin of 4.9% against 0.7%.
More: TheRealReal earnings · how TheRealReal makes money · Live Ventures earnings · how Live Ventures makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.